Note 13

Taxes

	Group		Parent Company
	2019/2020	2018/2019	2019/2020	2018/2019
Current tax for the period	-346.7	-235.1	-60.4	-58.2
Adjustment from previous years	1.4	-0.8	0.0	-
Total current tax expense	-345.3	-235.9	-60.4	-58.2
Deferred tax	113.7	43.0	0.0	-0.4
Total recognised tax expense	-231.6	-192.9	-60.4	-58.6


Group	2019/2020	%	2018/2019	%
Profit before tax	1,104.6		865.2
Weighted average tax based on national tax rates	-240.3	21.8	-192.6	22.3
Tax effects of
Non-deductible costs	-6.1	0.6	-6.1	0.7
Non-taxable income	1.9	-0.2	3.1	-0.4
Changed tax rate	5.3	-0.5	6.7	-0.8
Transaction costs, revaluation contingent considerations acquisitions	7.1	-0.6	-3.1	0.4
Other	0.5	-0.1	-0.9	0.1
Recognised tax expense	-231.6	21.0	-192.9	22.3


Parent Company	2019/2020	%	2018/2019	%
Profit before tax	269.2		262.1
Tax based on current tax rate for parent company	-57.6	21.4	-57.7	22.0
Tax effects of
Standard interest on tax allocation reserves	-0.5	0.2	-0.3	0.1
Non-deductible costs	-0.7	0.3	-0.7	0.3
Other	-1.6	0.7	0.1	0.0
Recognised tax expense	-60.4	22.6	-58.6	22.4

Deferred taxes, net, at year-end	2020-03-31			2019-03-31
Group	Assets	Liabilities	Net	Assets	Liabilities	Net
Non-current assets	2	-266	-264	2	-259	-257
Untaxed reserves	-	-54	-54	–	-120	-120
Pension provisions	27	10	37	24	0	24
Other	30	-6	24	24	-4	20
Net recognised	-32	32	0	-30	30	0
Deferred taxes, net, at year–end	27	-284	-257	20	-353	-333

	2020-03-31
Group	Amount at start of year	Recognised in profit or loss	Acquisitions and disposals	Recognised in other comprehensive income	Translation effects	Amount at year-end
Non-current assets	-257.2	42.8	-47.3	0.2	-2.4	-263.9
Untaxed reserves	-119.7	65.9	-0.3	0	0	-54.1
Pension provisions	23.7	-0.3	10.4	2.7	0.0	36.5
Other	20.0	5.3	0	-1.4	0.6	24.5
Deferred taxes, net	-333.2	113.7	-37.2	1.5	-1.8	-257

	2019-03-31
Group	Amount at start of year including discontinued operations	Recognised in profit or loss	Acquisitions and disposals	Recognised in other comprehensive income	Translation effects	Amount at year-end
Non-current assets	-230.1	42.5	-67.6	0.1	-2.1	-257.2
Untaxed reserves	-114.8	-0.9	-4.0	0.0	-	-119.7
Pension provisions	17.6	-2.0	0.5	7.6	0.0	23.7
Other	20.0	3.4	-1.7	-1.7	0.0	20.0
Deferred taxes, net	-307.3	43.0	-72.8	6.0	-2.1	-333.2

	2020-03-31			2019-03-31
Parent Company	Amount at start of year	Recognised in profit or loss	Amount at year-end	Amount at start of year	Recognised in profit or loss	Amount at year-end
Financial instruments	0.1	-0.3	-0.2	0.5	-0.4	0.1
Deferred taxes, net	0.1	-0.3	-0.2	0.5	-0.4	0.1

The Group has tax loss carryforwards of SEK 57 (83) that have not been capitalised.